Miami Home Values Hit New Lows, Says S&P Case-Shiller Index

posted on January 2nd, 2011 filed under: Real Estate Market Data

The Standards and Poor’s Case-Shiller Home Price Index for the Miami metro area (which includes Coral Gables) has declined for three straight months and hit a fresh new low for the real estate collapse.  For the three months ending October 2010, the index level has fallen below its previous low of May 2009.

From a short-term perspective, the new low looks fairly significant.

S&P Case-Shiller Home Price Index -- Miami -- Jan. 2009 to Oct. 2010 (NSA)Source: Standard & Poor’s

But in the big picture, the new low is just a wiggle.

S&P Case-Shiller Home Price Index -- Miami -- Oct. 2010 (NSA)Source: Standard & Poor’s

Time will tell whether this the start start of a new leg down for the market.

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posted by // This entry was posted on Sunday, January 2nd, 2011 at 9:04 pm and is filed under Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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